Hints and tips:
...Because TMTG has become relatively expensive to short, or bet against, “brokers have a significant financial incentive to lend non-existent shares”, Nunes said....
...“The big question for us is: do we go [with] one line of business or do we try and drop this capability across multiple lines of business — which I think is our preference,” she added....
...The list of borrowers shifting from private to public debt markets includes Veritas-backed energy consultancy Wood Mackenzie and UK insurance broker Ardonagh, according to people briefed on the matter....
...Sales generated by its sports business, which involves representing athletes such as Manchester City’s Jack Grealish and Real Madrid’s Eduardo Camavinga, grew 28 per cent to $492mn....
...In one instance, a group head in the US had business conversations via text messages and WhatsApp with at least 32 employees....
...“If assets start getting redeemed, the investors that are left behind get left with the brunt of the costs,” the prime broker says....
...The group paid just £5.5mn for a 70 per cent stake in Rize, acquiring the business from AssetCo, an investment firm founded by Martin Gilbert, an asset management industry veteran....
...“It’s a very tough business,” said Harry Jho, founder of law firm Harry Jho LLC, which specialises in prime brokerage, adding that “if you’re providing full financing, you have to be able to assess the credit...
...The deal will be Ark’s first real push into Europe, and comes after Swedish broker Avanza launched a mutual fund for local investors managed by Ark Investment Management earlier this year....
...Its admirers compare it to Lazard or Goldman Sachs before their respective IPOs — a close-knit circle of supremely connected power brokers quietly shaping commerce around the world....
...That’s an ego blow many are willing to take, however, as banks’ struggles make private credit a more lucrative business by the day....
...Dealmaking deterrents Japan’s problematic equity “cross-holdings” could hypothetically broker a $20bn takeover “for free”, the FT’s Leo Lewis explains. But the country is only ripe for M&A in theory....
...Apollo had previously made five bids for the business, over a protracted, months-long takeover dance....
...Its beauty business — with highly rated skincare brands and well-trodden online platforms — might alone be worth £1.4bn, says broker Liberum, on an undemanding multiple of one times forward sales....
...Legal experts said it was not uncommon for a company buying another business to increase insurance limits during the acquisition process, and there is normally no obligation to disclose this information....
...— while potentially delivering a huge hit to Google’s business....
...The move will combine the world’s first Bitcoin and crypto securities business with the first crypto lending platform....
...Short selling is old stock exchange practice, sometimes achieved these days via derivatives and a breed of bankers called prime brokers....
...Disney’s direct-to-consumer business, which includes Disney Plus, Hulu and ESPN Plus, has lost $8.6bn over the past three years....
...“industry behemoth” Google had harmed competition in the ad tech sector “by engaging in a systematic campaign to seize control of the wide swath of high-tech tools used by publishers, advertisers, and brokers...
...PM: Antitrust, for the last 150 years, was almost exclusively based on price: the idea that you would collude with your competitors and raise prices, consumers would be harmed and business would do really...
...The problem confronting many quants is that what was once an “alpha-rich” environment — dominated by unsophisticated stock brokers and old-fashioned mutual funds that were easy pickings for sophisticated...
...Asked about the move by CRH, David Schwimmer, chief executive of the London Stock Exchange Group, said: “If companies are going to make decisions when most of their business is in the US, that sort of is...
...It “was a venerable, highly thought of retail broker whose business model was destroyed by things like index trading,” said one former New York portfolio manager....
...A reporter will deliver copy with a perfectly adequate lead, some plausible sounding why-this-matters perspective and a quote taken from the first broker note they found....
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